They do so to achieve financial flexibility, said Hang Seng Bank. Hong Kong adults are saving an average of nearly a third of their monthly income to ensure financial flexibility, according to a ...
HSBC chairman to retire by end of year
HSBC on Thursday said that chairman Mark Tucker will retire before the end of the year, after eight years at the top of Europe's largest bank.
HSBC unveils US$3 billion stock buy-back after first-quarter profit beats estimates
HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.
Hang Seng Survey: Hong Kong Workers Save Nearly 30% Monthly
In a recent survey conducted by Hang Seng Bank, over 400 working individuals in Hong Kong, aged 18 or above, are saving an average of nearly 30% of their monthly income to ensure financial flexibility ...
Hong Kong finance chief revises budget deficit to HK$80.3 billion, down 8%
Paul Chan attributes lower figure to increased stamp duty income on stock trading and lower-than-expected departmental expenditure.
Hong Kong Exchange Operator Posts Record Quarter on Strong Trading, IPO Activity
The stock-exchange operator said Wednesday that net profit jumped 37% from a year earlier to 4.08 billion Hong Kong dollars, equivalent to US$525.9 million.
Hong Kong legislature passes HK$822.3 billion budget bill for 2025-26
Hong Kong lawmakers have approved the 2025 Budget bill, which includes total government expenditure of HK$822.3 billion. The 2025 Appropriation Bill was passed on Wednesday after its third reading in ...
Bank Account Risks Management: Tips for Hong Kong Banking Operations
Bank account risks management in Hong Kong is essential, as financial institutions tighten compliance checks of corporate accounts.
HKEX posts best quarter ever as China’s ‘DeepSeek moment’ spurs IPOs, market’s rerating
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, said its first-quarter profit reached a record high, thanks to more new listings and increased turnover. Net ...
Demand for Chinese stocks lifts Hong Kong exchange’s profits
The exchange also continued to play its role in the internationalisation of Chinese assets. It now permits Chinese government and policy bank bonds held through the Bond Connect scheme — which allows ...
Hong Kong stocks mirror contraction in China PMI data
China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7 Hong Kong stocks fell on Wednesday after an official report showed manufacturing in China contracted in ...
Liuliu Offers ‘Plum’ Investment With Hong Kong IPO Plan
To facilitate the buyout, Liuliu sought support from two sources tied to the government in its hometown of Wuhu, receiving 40 million yuan and 35 million yuan from the Huaan Fund and the Xingnong Fund ...
HKEX, SFC reportedly engage with some firms on return intention of overseas-listed Chinese firms
The Hong Kong Exchanges and Clearing Limited (HKEX) and the Securities and Futures Commission (SFC) of Hong Kong have engaged with certain companies concerning the potential return of overseas-listed ...
China Market Update: Robotics Ecosystem Outperforms, IPOs Are On The Rise In Hong Kong
Asian equities were mixed but mostly higher overnight as Thailand and Taiwan outperformed while Malaysia and Singapore underperformed.